Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

The Small Business Administration explains that this means a sole proprietor could lose their vehicle, house or even their savings account if their business goes under. On the other hand ...

Many sole proprietorships are funded in the early years out of their owner's personal bank accounts and with help from ...

Sole proprietors who do not have an EIN are not currently eligible to set up a Business Tax Account. Instead, they can access their tax records by setting up an IRS individual Online Account.

Visit americanexpress.com to learn more. As a sole proprietor, there is no legal separation between you and your business. Still, it's beneficial to separate your business and personal expenses to ...

Several high-street banks have either stopped or slowed down opening sole proprietorship and individual current accounts of firms that are less than a year old amid suspicion that they could be ...

You could open the account in your own name, but most banks offer cost-effective business accounts for sole proprietors. This allows your business to keep separate accounting records and build up a ...

Bluevine’s free business checking account boasts a competitive APY: Earn 1.50% interest on account balances up to and including $250,000. Terms apply. The account can easily sync with popular ...